Benefits & Rewards

Novartis Pharmaceuticals Corporation's commitment to its employees is a top priority. The company offers an attractive benefits program that is competitive with top companies in the industry. For example, a flexible summer hours schedule, which allows eligible employees to get a head start on their weekend during summer months, clearly shows the company's determination to provide an environment that fully supports work/life issues. Among its recent accolades, the company has ranked among the top "100 Best Companies" by Working Mother magazine for the last three years.

 

Novartis Benefits Program

Novartis recognizes that in order to attract and retain talented and dedicated individuals, we must offer a comprehensive and innovative benefits program. Some of the features of our benefits program that set us apart from other employers you may be considering are:

• Coverage for domestic partners and their children
• Up to two weeks of vacation, plus personal/family days during your first year of employment
• A savings plan match—dollar for dollar up to 6%—with immediate vesting
• Up to $1,000 per year in benefits toward child/elder care expenses through the Dependent Care Spending Account.

In addition to providing comprehensive insurance programs and a generous savings plan, Novartis is committed to helping its employees achieve personal success—with educational assistance and healthy lifestyle benefits. Moreover we maintain programs to help you balance your work and family obligations, that provide child and elder care subsidies, back-up care, and a wide array of other options to help you find, evaluate and pay for care. Novartis Pharmaceuticals Corporation is proud to be named one of the "100 Best Companies" by Working Mother magazine for the last three consecutive years.

 

Overall Health and Well-Being Benefits

Health and Well-Being benefits include medical, dental, and vision insurance as well as a health care flexible spending account. These benefits, which include domestic partner coverage, become effective on the employee's date of hire and include an annual re-enrollment during which time changes may be made to benefit options. Options for medical insurance include PPO, POS, HMO, Traditional Indemnity, and a new defined contribution plan.

 

Work/Life Benefits

The benefits included within the area of Work/Life are intended to create a satisfying and productive work environment and can help employees meet their daily professional and personal responsibilities. These include:

• Paid time-off, including vacations, holidays, personal days, parental leave
• Tuition Reimbursement for eligible expenses at 100%
• Healthy Lifestyle Benefits Reimbursement toward health club membership, smoking cessation, or nutritional counseling programs
• Employee Assistance Program provides confidential counseling on such problems as every day stress, substance abuse, and financial issues
• Subsidized Child and Elder Care
• Dependent Care Spending Account with company match up to $1000 per year
• Adoption Reimbursement for adoption-related expenses up to $3,000 per adoption
• Child/Elder care resource and referral services
• Back-up child and elder care
• Matching Gift program through the Novartis US Foundation provides up to $5,000 per year to eligible institutions and organizations.

To help employees manage their valuable time, Novartis also provides convenient on-site services, including a fitness center, cafeteria, take-home meals, medical services, lactation rooms, federal credit union, ATM, company store, dry cleaning and film developing. In addition, most departments permit casual attire every day.

 

Financial Protection Benefits

• Disability Coverage
• Short-term Disability replaces all or a percentage of base pay for up to 26 weeks
• Long-term Disability after 26-week period provides monthly benefits equal to 50% of total pay with flexibility to increase level of coverage
• Life Insurance: Company paid and supplemental with flexibility to increase coverage at group rates.
• Survivor Income Plan provides a monthly benefit to surviving spouses and children.

 

Financial and Retirement Planning Benefits

Investment Savings 401(k)

• Enrollment at any time
• Employee contributions up to 16% with
• Dollar-for-dollar company match up to 6%, includes automatic 3% in Novartis stock
• Immediate vesting on company match dollars
• Loan/withdrawal provision
• Novartis stock investment option
• Changes to investment elections/contributions daily

Retirement Income Plan

• Automatic enrollment after one year of service at no cost to employee
• Distribution options include lump sum, monthly annuity, and rollover

Group/Legal Financial Planning Services is an optional program that gives you access to financial and legal advisors for issues including estate planning, budgeting, car lease/purchase, insurance and retirement planning, will preparation, and property transfer/closings.

 

Employee Referral Program

Nobody knows Novartis better than its employees. By identifying talented friends, relatives, and acquaintances who meet the qualifications for available positions, eligible Novartis employees may receive a $2000 referral bonus if a referred candidate is hired.